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'm kelly evans. these are your headlines from around the world. >> eu leaders are nearing a historical deal in brussels which could see the region's spending reduced for the first time. >>> chinese trade going gang bust ner january while inflationary pressures ease off thanks in part to the lunar new year effect. >>> this company must not disappear. that's the french government. it says it may invest in peugeot. >> and the yen says the currency has weakened too much. >>> welcome to the final program of the week. i'm pleased we've got to this day. >> we've had a lot of time together this week. i have. and that's not why i'm pleased we got to this day. >> yeah, yeah. >> strong numbers out of china. >> that's right. we saw a big improvement there. but i have to say frankly, most people's attention whether it's here or on the other side of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> th
: on that note -- dagen: a letter to the eu blasting the new tax on financial transactions because it is hurting investors worldwide. here with more is elizabeth macdonald. liz: it is coming from the financial services round table, the big u.s. bank. they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit
for the first time since the e.u. began. leaders cut the budget to 960 billion euros over a span of 7 years, down from an earlier proposal of 1.03 trillion euros. a company with ties to the housing crisis is setting for an ipo. pennymac financial service, started up 5 years by the former president of countrywide financial. standford kurland resigned from countrywide in 2006. countrywide was blamed for risky lending practices and billions of dollars in defaults on subprime loans and was later acquired by bank of america. the new company kurland runs, pennymac, creates, buys, sells and services home loans. entergy stock lost power after the superbowl blackout last week, but earnings are energized. entergy's fourth quarter earnings nearly doubled on lower income tax expenses. shares dimmed during the week after a power failure cut lights in about half of the stadium for 34 minutes. entergy said the problem was caused by a faulty relay in its switching gear. the problem has been resolved. entergy closed down 49 cents at $64.47 on friday. hp wants its pcs to become more politically correct. the
, that's the last thing the eu or the eurozone needs right now. just when we get the signal of the panic button in the eurozone debt crisis, we have another cloud on the horizon. but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear marked, of course, as a budget meeting, but i daresay we will trickle along nicely or unnicely until finally they reach an agreement on the next budget. in terms of the eurozone debt crisis, of course, that's the other point of discussion. at the moment, there's a little bit of cautious shoulder padd g padding, but it will be a bit more cautious because of the aforementioned festering crisis in spain. obviously, what we'
will not return to growth until next year, reversing a prediction to the end of recession this year. the e.u. is blaming bank lending and high unemployment for delay in. >>> toyota has the minivan at the geneva minivan. the ecosports suv is being built for european markets. >>> smithfield packing is recalling pork sausage in 11 states. the products may contain a small piece of plastic that is today's speed read. [buzzer] sandra: time to share. shares of hp skyrocketing following better-than-expected earnings after the bell yesterday. even though hp beat on earnings, revenue did fall in all of its main business divisions, dave. david: the one bright spot, the company's enterprise group networking decision saw revenue increase by 6%. will the enterprise new server technology help hp pull ahead of competition? joining us david donatelli, hp enterprise group executive vice president. david, first of all congratulations on the market news today. it is a good happy friday with a 12% gain in the market share. but i just want to focus, go directly into a product which is fascinating with a lot of pe
. but that came after mario draghi said growth in the e.u. would not be that great. so that offset each other. then the seaway pipeline story that the oil stuck in cushing, oklahoma, would not get out of there quite as quickly as we hoped. it will take a lot longer. so the refineries in the gulf coast get prepared to refinal the crude. so you have all of that. then you have natural gas. it is getting cold again. natural gas is up on a lot of nuclear power maintenance and increased demand expectations. we're probably getting to a historic low on the gas market. keep your eye on it, tracy. turn your heater up because it is heating up today, 12 cents. back to you. tracy: yes, i keep it a balmy 72 in my house. ashley: you look like that in the studio too. we fight it about it every day. thank you, phil. gas prices are up 13.3% in the past month alone according to aaa. even as oil prices remain pretty much flat in the same period. so what gives? no one better to ask than tom kloza, the chief oil analyst for opis which provides aaa by the way with gasoline data. right from the horse's mouth, he joi
of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earnings estimates will probably go higher. wh
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu works with the 17 people and the 17 countries in th
Search Results 0 to 7 of about 8